RE:RE:Q3 earnings are Nov 9th after marketAgreed Benny. This has been high growth since the outset and it looks like Neil is going to keep that going with the latest developments. This shouldn't be surprising since growth has been his calling card since he came in to the oil patch. He is a builder with high pace production growth and savvy acquisitions.
What was surprising was the dividend announcement a year ago, especially the size of the dividend. He's never been a dividend guy and prefers to use cash to build. Nobody saw that coming. So much so that the market didn't really even react to it until a couple months later.
I will say that I have appreciated the floor the dividend put under the share price over the last year.
Bennys65 wrote: Not sure div hike is in the cards.Nuttall made that comment before the new ventures group was announced.We increased cap ex by 25 million partly to fund the land grab so dont know how much is left for an increased div.The yield guys would love it the growth guys would like to see production increase.Debate continues.